BTC · Convergence Trade
Current Spread (mark)
updated 1m ago+0.083%higher than 62% of spread values(window 1D)
long $77,923.3 · short $77,987.65(long 31s / short 1m old)
Entry Spread (order book)+0.062%on $10,000
long $77,928.48 · short $77,977.14(average execution prices, not mark)
market median $77,960.6· long -0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.08%, but entry and exit cost 0.21% of the position. The trade is a loss at entry regardless of how the spread moves afterwards. Reduce the size, or pick another pair.
Three scenarios: the current spread 0.08% compresses to the target (0% = full convergence). Sized at $10,000 per leg.
| If spread converges to↓ target spread | 0% | 0.50% | 1.00% |
|---|---|---|---|
| Gross profit | +$8.26 | -$41.74 | -$91.74 |
| Round-trip fees | −$18.00 | −$18.00 | −$18.00 |
| Slippage(orderbook) | −$3.59 | −$3.59 | −$3.59 |
| Funding drag(est. 1h hold) | +$0.91 | +$0.91 | +$0.91 |
| Net potential | -$12.42 | -$62.42 | -$112.42 |
Breakeven move 0.2068%·Tradeability: 0.4× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
~6mintypical time to exit(usually ~6min–~12min)
Exit target: spread compresses to the median 0.08% (full convergence to 0 is rare — holding to zero usually makes no sense).
Based on 53 comparable episodes over 1D. Check the position roughly every ~1h.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 285 samples
Current
+0.083%
62 pct
Median
+0.077%
Average
+0.078%
P25 → P75
+0.068% … +0.087%
Range
+0.015% … +0.138%
Std dev
±0.016%
tf
LONG
N1(dex)
N1(dex)- Mark Price
- $77,923.3
- Exchange Ticker
- BTC
- Taker / Maker
- 0.05% / 0.01%
- Funding APR(1h)
- +7.89%
- OI
- $358.57K
- 24h Vol
- $719.27K
SHORT
Bullet(dex)
Bullet(dex)- Mark Price
- $77,987.65
- Exchange Ticker
- BTC-USD
- Taker / Maker
- 0.04% / 0.01%
- Funding APR(1h)
- +87.66%
- OI
- $1.25M
- 24h Vol
- $3.93M
285 long / 285 short samples · 2 days · auto-refresh every 30s